European plastics and rubber machinery accounts for 40 per cent or 13 billion euro of global output
Venice, 10 September 2015: The output of the nine members of EUROMAP - the European Association of Plastics and Rubber Machinery Manufacturers - amounted to 13.0 billion euro in 2014, a year-on-year increase of 1.9 per cent.
In the same period global exports from EUROMAP countries rose by 1.6 per cent to 9.7 billion euro.
EUROMAP represents almost 1,000 manufacturing companies with a combined workforce of more than 57.000 in Austria, France, Germany, Great Britain, Italy, Luxembourg, Spain, Switzerland and Turkey.
At a press briefing held at EUROMAP's General Assembly in Venice on 10 September, the focus was on the BRIC countries as customers for plastics and rubber machines from EUROMAP suppliers. EUROMAP President Luciano Anceschi says: "The performance of those markets did not meet our or our manufacturers' expectations. The shortfall mainly resulted from a slump in demand in Brazil and an even sharper drop in Russia. As for China, the plastics and rubber machinery industry's development was uneven and needs to be closely monitored. India, on the other hand, is giving cause for optimism after a couple of years of declining exports."
"Overall, global output of plastics and rubber machinery reached 32.5 billion euro in 2014 with EUROMAP accounting for 40 per cent of this total," explains EUROMAP Vice President Helmut Heinson. "Despite China's share rising sharply over the past few years, EUROMAP managed to hold its own. The same applies to exports with EUROMAP maintaining a market share of around 50 per cent over the past five years."
EUROMAP forecasts a 2 per cent increase for the current year with output rising to 13.3 billion euro.
Image source: jovannig--fotolia.com
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